Whether it is by choice, or mandatory, sustainability reporting is not exclusive to large and listed companies; listed or non-listed small companies can also benefit from and should engage in sustainability reporting.
Although small companies might have different resources and capabilities, they can still make meaningful contributions to sustainability and enjoy similar benefits that a larger company may; in areas such as stakeholder trust and engagement, risk management, investors, attracting new talent and a having a competitive edge.

Here are some key considerations and tips for small companies when engaging in sustainability reporting:

1. Start with Materiality: Identify the most relevant sustainability issues for your business and stakeholders. Focus on areas where your company can make a significant impact and align with your core values and business activities.
2. Set Clear Goals: Define specific and achievable sustainability goals that are meaningful for your company’s size and capacity.
3. Focus on Key Metrics: Concentrate on key sustainability metrics that demonstrate your company’s impact and progress.
4. Use Simple Language: Choose clear and concise language in your sustainability report to make it easily understandable for all stakeholders, including customers, employees, and investors.
5. Leverage Technology: Utilise digital tools and platforms for data collection, reporting, and communication.
6. Engage Employees: Encourage their participation and contributions, as they can be valuable advocates for your sustainability initiatives.
7. Collaborate with Partners: Highlight your collaborations in your report to showcase your commitment to sustainability.
8. Be Transparent about Challenges: Don’t shy away from sharing challenges and areas for improvement in your report. Transparency builds credibility.
9. Tell Your Story: Stories can resonate with stakeholders and showcase the value of your sustainability efforts. Content is value, use social media to keep on sharing.
10. Keep It Concise: Focus on quality over quantity and keep your report concise and relevant.
11. Benchmark and Learn: Compare your sustainability performance with industry peers and learn from best practices.
12. Involve Stakeholders: Stakeholder engagement demonstrates your commitment to listening and responding to their needs. This includes shareholders, investors, partners, employees and consumers.
13. Integrate with Business Strategy: Link your sustainability efforts with your overall business strategy.
14. Consider GRI Standards: If applicable, consider using the Global Reporting Initiative (GRI) Standards as a framework for structuring your sustainability report.
15. Update Regularly: Communication builds trust and demonstrates continuous improvement. Come up with a communication strategy so that your hard work and content does not go to waste.